January 25, 2015 6:22 pm
I have FD of 1L @8.5 and taken loan on it 1L @ 9.5 and kept the same loan amount in another bank @9.5. Will it benefit anything? thanks
Your suggestion is not to take loan.instead switch over fd from 8.5 to 9.5%?
better close the loan first. then break the first FD and invest it in the 2nd bank where u r getting 9.5% interest.
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